sir i am holding yesbank. can u plese tel me the EW count of yesbank
Nifty bounced close to 7280 and falling. (Strength only above 7280-85)
Resistance developing at 73CE and 74CEhttp://www.niftytrader.in/nifty/nifty-live-change-in-oi/
Chetna, your comments on Tata Comm, it has broken out
it has broken out,,keep riding
@ Chetna - Likely targets for TCom pls!
if it stays abo ve 399-98,, we are going for new highs very soon... a series of new highs
Yes I exited waiting at 462 levelThanks
@ Chetna - Guess you mean " 299" ...?
Hi Chetna, I hope you mentioned 299-298.
Any updates on yesbank?
@BB, BHARAT,, ohh yers... numbers sometimes can be so confusing
@ Chetna - Thanks! Got me scared for a second! :-)
@ shreya puneeth,Yes bank EW count matches almost that of Nifty & BN. It is now in a trading mode in a range of 515-585 initially.
Prices, after a 5, retraced to 38% to 50% @ 7243-54(@ 7252) and rising..
Weak below "7252"
Sir- EW possibility of correction remains with B goign on and C to come.- on EMA / SAR basis and indicators (lead indicator tuning up) , uptrend remains.This results in trading range...for positional - EOD is relevant ? or the trading range would force us to sit out to avoid whips...?
@ anand,So far the rise from 6131 behaves alike a "B" wave, which must be dealt with "intraday" only.If someone is holding a position based on EW or any other method, they should continue with their system. Consistency is important.Our comments have been made on the basis of ST EW observations.
Thanks a Lot Sir!
EOD close may re-conquer > DHiEMA ... strength evidenced from price, but y r the OTM CE writers so cocky ?
@Masterhopefully going to close above DHEMA...so will it be new signal as momentum returns..ora/c to ST EW..correction continues till below 7477?thanks.
@ anmpatel ,The range, even in a corrective phase is 100 points and it could rise too.As Shriram has put it, there are mixed signals from various studies suggesting a "cooling off/ corrective phase" which is generally managed with intraday trading or "lying low" to catch a low.